Editor’s note: Tired of the steady stream of accusations that the meat industry is the root of all evil in American society (look at Factory farming’s long reach on this site)? This new report from AMI provides a more positive slant.
The analysis of direct, supplier and induced impact also illustrates the industry provides nearly 6.2 million jobs, generating almost $200 billion in wages and benefits.
“Companies and individuals in
According to the study, the meat and poultry industry directly employs 1.8 million people, paying $45.5 billion in wages and benefits. An estimated 524,000 people have jobs in production and packing, importing operations, sales, packaging and direct distribution of meat and poultry products. Wholesaling directly employs an estimated 63,000 individuals in every state in the country, and 1,227,600 employees’ retail jobs depend on the sale of meat and poultry products to the public.
In addition to the direct economic impact, the study also captures the economic impact of suppliers to the industry and the total induced impact, or multiplier effect, on the economy of the spending by employees of the direct industry and supplier firms.
An important part of the analysis is the calculation of the contribution of the industry to the public finances of the community. Not only does the meat and poultry industry create jobs, it also generates sizeable tax revenues.
The Economic Impact Study was conducted by John Dunham & Associates based in